ACIO vs GDV
Aptus Collared Investment Opportunity ETF vs Gabelli Dividend & Income Trust
Which is better, ACIO or GDV?
Each has led over a different period.
ACIO has a lower expense ratio. ACIO led over 5Y and the full window, GDV over 1Y and 3Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ACIO | GDV |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.30% |
| AUM | $2.4B | $3.4B |
| Dividend Yield | 0.39% | 5.50% |
| Holdings | 524 | 715 |
| YTD Return | +8.01%Best | +6.53% |
| 1Y Return | +8.79% | +11.90%Best |
| 3Y Return (annualized) | +15.63% | +20.57%Best |
| 5Y Return (annualized) | +9.74%Best | +7.80% |
| Volatility (annualized) | 10.0%Best | 20.2% |
| Max Drawdown | -14.9%Best | -53.6% |
| $10,000 over 5 years | $15,916Best | $14,558 |
| Fund Family | Aptus ETFs | Gabelli Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 9, 2019 | Nov 28, 2003 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 10, 2019 to Oct 14, 2026 (7.3 years).
ACIO vs GDV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7.3 years both funds cover.
ACIO vs GDV Performance
Aptus Collared Investment Opportunity ETF (ACIO) is an ETF from Aptus ETFs and Gabelli Dividend & Income Trust (GDV) is an ETF from Gabelli Funds. Over the past year ACIO returned +8.79% while GDV returned +11.90%. Year to date, ACIO is up 8.01% versus a gain of 6.53% for GDV.
Over three years, ACIO compounded at +15.63% per year against +20.57% for GDV; over five years the annualized figures are +9.74% and +7.80% respectively. Across the full 7-year window we track, ACIO has the edge at +9.65% annualized vs +8.45%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GDV has been the more volatile fund, with annualized monthly volatility of 20.2% compared with 10.0% for ACIO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.9% for ACIO and -53.6% for GDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ACIO charges 0.79% per year while GDV charges 1.30%. On a $10,000 position that is $79 vs $130 annually, a gap of $51 per year that compounds over a long holding period. On income, ACIO currently yields 0.39% against 5.50% for GDV.
Holdings Overlap
At least 82.3% of ACIO's money is in holdings GDV also owns.
Only one direction is shown: for GDV, our book for it lists positions totalling 110.0% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
Most of ACIO is already inside GDV. Owning both mostly buys the same companies twice.
The two holdings books were reported 184 days apart, ACIO as of Oct 1, 2026 and GDV as of Mar 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
110 positions in common, counted across the 167 positions we hold weights for in ACIO and 678 in GDV, against full books of 524 and 715.
Top Shared Holdings
| Stock | Weight in ACIO | Weight in GDV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 1.32% | 7.12% |
| AAPLApple, Inc | 7.26% | 0.97% | 6.29% |
| MSFTMicrosoft Corp | 5.75% | 1.41% | 4.34% |
| GOOGAlphabet Inc. C | 5.39% | 1.67% | 3.72% |
| AMZNAmazon.Com Inc | 3.69% | 0.87% | 2.82% |
| JPMJpmorgan Chase | 1.68% | 2.42% | 0.74% |
| METAMeta Platforms Inc | 2.42% | 0.71% | 1.71% |
| AVGOBroadcom Inc | 2.46% | 0.59% | 1.87% |
| LLYEli Lilly & Co. | 1.40% | 1.53% | 0.13% |
| AXPAmerican Express Co. | 0.25% | 2.05% | 1.80% |
82.3% of ACIO is already inside GDV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ACIO or GDV?
ACIO has an expense ratio of 0.79% while GDV charges 1.30%. ACIO is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, ACIO or GDV?
Over the past year ACIO returned +8.79% vs +11.90% for GDV, so GDV leads on 1-year performance. Over the longest common window we track (7 years), ACIO annualized +9.65% vs +8.45% for GDV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACIO or GDV?
GDV has been the more volatile fund at 20.2% annualized versus 10.0% for ACIO. Worst drawdown: ACIO -14.9% vs GDV -53.6%.
Should I hold both ACIO and GDV?
ACIO and GDV have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ACIO and GDV?
At least 82.3% of ACIO's money is in holdings GDV also owns. Our book for GDV is partial, so the real figure is this or higher. They hold 110 positions in common, counted across the 167 positions we hold weights for in ACIO and 678 in GDV.
Which pays a higher dividend, ACIO or GDV?
ACIO yields 0.39% while GDV yields 5.50%, so GDV currently pays the higher dividend yield.
Is GDV better than ACIO?
ACIO has a lower expense ratio. ACIO led over 5Y and the full window, GDV over 1Y and 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.